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India's sugar stockpile to double on record output, says trade body

Updated : July 18, 2018 06:31 AM IST

The rise will weigh on local prices, potentially pushing the country to try to ship more sugar overseas, which could drag on global prices that have already fallen 16% this year.
The country is likely to end the marketing season on Sept. 30 with inventory of 10 million tonnes, compared with 3.87 million tonnes a year ago, the Indian Sugar Mills Association (ISMA) said.
India's sugar stockpile to double on record output, says trade body
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